Falcon Tyres Ltd, now a Ruia Group company, has reported a 40 per cent

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growth in its total revenue on a year-on-year quarterly basis. The total income for the period has been Rs 166.66 crore as against Rs 119.15 crore in the corresponding quarter last year. The Net Profit for the period has risen to Rs 11.65 crores from Rs 0.61 crore in Q3, FY 08-09, registering a jump of 1812 per cent.

Ruia Group Chairman Pawan K Ruia said, “Falcon has started reaping the benefits of continuous expansion of its capacity. Since signing a Technical Aid Agreement with Sumitomo Rubber Industries of Japan in 2007 the company has increased its capacity to 900,000 tyres per month and commissioned a 6 MW co-generation plant at its Mysore plant. Looking at the growth potential of 2-wheeler tyres, the plant capacity is being augmented by another 500,000 tyres per month.”

The Falcon Tyres scrip, with face value of Rs 5, was quoted at Rs 152 at the closing of BSE trading on Friday.